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What Is A Creditors Committee In Chapter 11 Business Bankruptcy

By Harry D. Lewis |

If your business has suffered temporary setbacks or is otherwise going through a hard time, filing for Chapter 11 bankruptcy can provide the fresh start you need. Often referred to as a reorganization, it gives struggling companies a chance to protect their current assets against creditors’ claims, allowing them to remain in business while… Read More »

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Five Warning Signs Your Business Is Headed Towards Bankruptcy

By Harry D. Lewis |

Large and small companies alike have weathered a wavering economy and drastic reductions in business over the past year due to the COVID-19 pandemic. As a result, for the first time since March of 2020 the rates for business bankruptcy have begun to spike. In many cases, filing for bankruptcy is the best option… Read More »

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Five Qualities To Look For In Choosing The Best New York Business Bankruptcy Attorney

By Harry D. Lewis |

For businesses that are struggling, filing for bankruptcy often provides the fresh start you need. It can help you overcome financial hurdles and maintain profitability or protect you against liability in the event you decide to close your business. In either scenario, you want to have the best New York bankruptcy attorney on your… Read More »

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Starting A New Business After Filing For Bankruptcy

By Harry D. Lewis |

Owning their own business is a lifetime dream for many people but numerous factors can undermine your success, causing your business to fail.  If you filed business bankruptcy previously, it does not mean the end of your dream. Starting a new business after filing for bankruptcy is possible but there are potential issues you… Read More »

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Frequently Asked Questions About Business Bankruptcy

By Harry D. Lewis |

Being a successful business owner requires the ability to anticipate potential problems and uncover solutions to address them. If your business is struggling financially, filing for bankruptcy might be your best option. However, questions you have about the process and the potential impact it could have may be holding you back from taking this… Read More »

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Involuntary Petitions In Bankruptcy

By Harry D. Lewis |

Filing for bankruptcy can help protect your business by eliminating certain debts and renegotiating payment on others. It allows you to maintain relationships with suppliers while preventing creditor harassment and additional collections actions. You may be reluctant to file for bankruptcy but it is important to be aware that if you are struggling in… Read More »

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Your Personal Liability In Business Bankruptcy

By Harry D. Lewis |

As a business owner, unexpected events can arise that impact your cash flow and your ability to make payments to suppliers and other creditors. Rather than allow these problems to jeopardize your business, filing for bankruptcy may be your best option. Business bankruptcy provides important protections but one of the most common questions we… Read More »

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Eliminating Debts Through Chapter 7 Bankruptcy

By Harry D. Lewis |

General downturns in business and ongoing impacts of COVID-19 have put many small businesses in jeopardy. Whether you are struggling to stay afloat or have already made the difficult decision to close your doors, filing a business bankruptcy can provide some much needed relief. It protects you against creditor harassment and legal actions, such… Read More »

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How Will Bankruptcy Impact My Credit Rating?

By Harry D. Lewis |

Filing for bankruptcy in New York can provide a fresh start for people who are overwhelmed with debts and falling behind in payments, giving them the chance to rebuild their financial security. One of the things that often holds people back is concern over how bankruptcy will impact their credit rating. While it will… Read More »

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Is COVID-19 Causing Increase In Bankruptcy Filings?

By Harry D. Lewis |

Ongoing concerns over the COVID-19 pandemic are continuing to impact every aspect of the lives of New Yorkers. With rising case counts and increased business closures, any return to normal is unfortunately not likely to happen until spring. As a result, many individuals and companies hard-pressed by the situation will be turning to bankruptcy… Read More »

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